Calif. Broker Arrested on Seven Counts of Grand Theft

May 4, 2005

  • May 4, 2005 at 5:37 am
    Anonymous says:
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    IF PROVEN GUILTY, BROKER SHOULD REFUND ALL MONIES TO CLIENTS IN ADDITION TO JAIL TIME. IF MONEY SPENT ALREADY, SELL HIS ASSETS AND DISBURSE TO VICTIMS PRORATA.

  • May 5, 2005 at 2:17 am
    chris says:
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    I cant believe that someone is smart enough to get by the insurance licensing exam and then stupid enough to not send in insurance premiums and think they’ll get away with it

  • May 18, 2005 at 12:03 pm
    Anonymous says:
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    Let’s here Mr. Rice’s side of the story before we pass judgement. I know him personally and find this news to be way out of character.

  • June 3, 2005 at 3:57 am
    N. ELLIOTT says:
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    I AGREE. THIS BROKER HAS BEEN QUITE
    ILL FOR THE PAST 3 YEARS AND HAS HAD
    MULTIPLE SURGERIES. IT IS TOO BAD
    THE INSURANCE INVESTIGATOR HAS TO
    GO AFTER A DISABLED BROKER WHO HAS
    HAD IMPECCABLE SERVICE TO THE INDUSTRY.
    I ALSO KNOW HIM PERSONALLY AND ALSO KNOW THAT HE MADE MILLIONS OF DOLLARS FOR THE INSURANCE INDUSTRY AND WAS ONE OF THE TOP AGENTS FOR OVER 10 YEARS. I THOUGHT YOU WERE INNOCENT UNTIL PROVEN GUILTY – EVIDENTLY THIS IS NO LONGER TRUE IN THE EYES OF THE INSURANCE DEPT.

  • July 4, 2006 at 1:03 am
    Former Victim says:
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    His man is finally getting his just due. He has been a theif his whole career. I knew him at 30 years old. He burned my family so bad it took over 20 years to recover. He has been doing the same thing for almost 30 years now. We here, are SMILING that he got caught! Give him a break? He\’s been sick? Sin makes a man sick! What about the people he stole from and victimized? No one needs to prove his guilt to me. I experienced it first hand. Making him refund money is not justice! He needs to serve time and maybe get a nice fudge pack! He would not have been under investigation if he was innocent. I thank God for the people who uprooted this wicked man from power and I thank God for the Investigative Fraud Team at the California Insurance Dept! Good Jobs Soliders!!!



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